You Have Been Appointed as an Attorney: Difference between revisions
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You Have Been Appointed as an Attorney (view source)
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{{REVIEWEDPLS | reviewer = [[Kevin Smith]]|date= January 2018}}{{Managing Someone Else's Money TOC}} | {{REVIEWEDPLS | reviewer = [[Kevin Smith]]|date= January 2018}}{{Managing Someone Else's Money TOC}}Like many people, you may never have been an attorney under a power of attorney before. That’s why ''Managing Someone Else's Money'' was created. This guide will help you understand what you can and cannot do in your role as an attorney. | ||
Like many people, you may never have been an attorney under a power of attorney before. That’s why ''Managing Someone Else's Money'' was created. This guide will help you understand what you can and cannot do in your role as an attorney. | |||
In the role of attorney, you are a '''fiduciary'''. A fiduciary is someone who is in a position of trust toward another person. A fiduciary has duties and responsibilities. This guide will help you understand what those are. It also offers tips to help you avoid problems, and resources for finding more information. | In the role of attorney, you are a '''fiduciary'''. A fiduciary is someone who is in a position of trust toward another person. A fiduciary has duties and responsibilities. This guide will help you understand what those are. It also offers tips to help you avoid problems, and resources for finding more information. | ||
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This guide is for family and friends serving as an attorney, not for professionals or organizations. The guide does not give you legal advice. Talk with a legal professional if you have questions about your duties or responsibilities. | This guide is for family and friends serving as an attorney, not for professionals or organizations. The guide does not give you legal advice. Talk with a legal professional if you have questions about your duties or responsibilities. | ||
== | ==Your duties depend on the type of power of attorney== | ||
The most common type of power of attorney is called an '''enduring power of attorney'''. In this type, the attorney’s appointment continues—or “endures”—if the person making it becomes mentally incapable. The duties and responsibilities in this guide apply to enduring powers of attorney. | The most common type of power of attorney is called an '''enduring power of attorney'''. In this type, the attorney’s appointment continues—or “endures”—if the person making it becomes mentally incapable. The duties and responsibilities in this guide apply to enduring powers of attorney. | ||